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Scalp Trader PRO (By scalptraderpro )

Gain : +858.31%
Drawdown 17.73%
Pips: 896.4
Trades 144
Won:
Lost:
Type: Real
Leverage: 1:100
Trading: Automated

Scalp Trader PRO Discussion

goode
Nov 20 2015 at 20:25
220 posts
Another system by Doug price,as usual,near one year history and high wining rate.Hard to believe 100% wining.
can you tell me do you set sl?
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Now i find it,120 sl,and Tracking stop-loss,similar like vtp

Forex Trader (mohideen171)
Nov 20 2015 at 22:15
21 posts
Hi Goode.

He never talks about Stop-Losses and DD. But his EA will talk in a few days. Just like his other EA did.

goode
Nov 21 2015 at 11:00
220 posts
mohideen171 posted:
Hi Goode.

He never talks about Stop-Losses and DD. But his EA will talk in a few days. Just like his other EA did.


this ea can check histroy sl and tp at link https://www.myfxbook.com/statements/1428978/statement.html

that's 120 sl,but sure it will be not as good as we think after it be in public link his other EAs.😇

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FXtrader2010
Nov 22 2015 at 02:57
724 posts
I am now convinced this guy only out to make money selling systems.

FxPhil
Nov 24 2015 at 13:25
88 posts
SL seems to vary a bit but around 120 pips. Risk per trade started out at around 43% and progressively dropped to around 27%.

Seems to have worked for the shown account. But could have many accounts and this is the best that has not had a loss that would show the very high risk per trade.

Would appear that once the trade hits some profit level, the SL is adjusted to 8 pips above breakeven to limit the chance of a 120 pip loss hitting the account.

1st traded. Read up


Last trades.



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braddock
Nov 24 2015 at 13:28
239 posts
all systems from doug price, they seems to work on his myfxaccounts and when he make it public to sell the systems then they loose? this happens with all his systems!!!!

when i look his lotsize and deposit means with 1 loss from 120 pips you loose nearly 30% from your account. and for shure this day will come and not only 1 time..... normal tradingsystem without grid or martingale logic shoud be the sl never bigger then the tp.

when this systems make 100 % winners and never loose, i never sell this ea, because then i make enough money for my live... so big question now is why he sell all his systems and after public sell his systems they loose like vortex, Rev Trader and and and...

rob559
Nov 24 2015 at 14:15
1916 posts
FXtrader2010 posted:
I am now convinced this guy only out to make money selling systems.


i'v been convinced since day 1,did you notice that we'v never heard from jim morisson since the new fictitious character dog price poped up ?they are the same, milliondollar pips forexgrothbot .....etc

btw for those who did not know who jim morisson is ,just do a google serach,he thinks that all people on forex forum are stupid and he is right sometime

they share profit with synegex scam broker, easy to get the big picture ain't it

don't buy those products

FxPhil
Nov 25 2015 at 07:24
88 posts
Would appear the picture of 'Doug Price' on the web site is one bought off the net. https://pixhder.com/professional+headshot+white+background

Also look at the massive DDs in the 2 back tests to see the effects of what happens when close together 120 pip losers hit. As the average winner is around 8 pips, takes around 15 winning trades to make up each 120 pip losing trade, assuming these is not another loser before the 15 winners in a row sequence completes.

Looking at the 5 year approx $250k result and the 10 year $approx $500k says the EA makes approx 20% per year or say 1.67% per month. Could then take a LONG time to make up a 30% loss from ONE bad trade.

The published stats do show the EA can make money. Using the above backtest example that is 1.67% per month and not the shown short term lossless 39%.

Also note there is no commission. Using a commission broker could wipe out the 1.67% gain per month.

So yes it does appear to offer a very marginal return.

jsantos3
Nov 26 2015 at 00:10
272 posts
I received email: Do you consider $35,000 every few months a job replacing income?

Who is Doug Price (or Morrison) to promise profit to replace a job? Does this guy live in the US?

frank
RedRhino
Nov 26 2015 at 06:39
471 posts
rob559 posted:
FXtrader2010 posted:
I am now convinced this guy only out to make money selling systems.


i'v been convinced since day 1,did you notice that we'v never heard from jim morisson since the new fictitious character dog price poped up ?they are the same, milliondollar pips forexgrothbot .....etc

btw for those who did not know who jim morisson is ,just do a google serach,he thinks that all people on forex forum are stupid and he is right sometime

they share profit with synegex scam broker, easy to get the big picture ain't it

don't buy those products

@rob559 it should be William Morrison ,not Jim and yes from USA.
'FX Phantom Forex Signals By William Morrison'
'Forex Replicator - William Morrison Review'
https://redrhinofx.com/tag/william-morrison/

FxPhil
Nov 26 2015 at 07:46
88 posts
Doug just told me this EA is a Trade Copier that runs from his server.

That means increased time to open and close trades. Which means increased slippage over his master account.

FxPhil
Nov 26 2015 at 12:55
88 posts
Doing the maths, the 10 year back test ran at 12% risk per trade, had a 46.65% relative DD to the then balance high water mark and made a averaged compounded 4.9% return / grown per month over the 10.75 years.

At the current risk per trade of 27%, the account would probably not survive the 10 year back test as the recorded worst case DD would exceed the balance and it would margin call.

fx441282
Nov 26 2015 at 13:37
34 posts
i dont understand, how do you calculate the risk trade?when his account never hit the stoploss

braddock
Nov 26 2015 at 13:38
239 posts
like i said, forgewt the eas from him... and for shure now ea is a tradecopier and a remake from venturebot, that ea has 120 pips sl too

FxPhil
Nov 26 2015 at 14:58
88 posts
Risk = ( lot size × $10 × 120 pips SL) / $ balance when opening trade. This is what % of your balance you will lose if the EURUSD trade hits the SL. The $ value between the ( ) is how much the lost will cost you if the SL is hit.

rob559
Nov 26 2015 at 16:17
1916 posts
RedRhino posted:
rob559 posted:
FXtrader2010 posted:
I am now convinced this guy only out to make money selling systems.


i'v been convinced since day 1,did you notice that we'v never heard from jim morisson since the new fictitious character dog price poped up ?they are the same, milliondollar pips forexgrothbot .....etc

btw for those who did not know who jim morisson is ,just do a google serach,he thinks that all people on forex forum are stupid and he is right sometime

they share profit with synegex scam broker, easy to get the big picture ain't it

don't buy those products

@rob559 it should be William Morrison ,not Jim and yes from USA.
'FX Phantom Forex Signals By William Morrison'


'Forex Replicator - William Morrison Review'



https://redrhinofx.com/tag/william-morrison/






oh yesssss

fx441282
Nov 27 2015 at 09:33
34 posts
so this is a scam.im willing to try live with fxpro live acc and link to myfxbook

FxPhil
Nov 27 2015 at 12:27
88 posts
fx441282 posted:
so this is a scam. im willing to try live with fxpro live acc and link to myfxbook


I never said it was a scam.

Just has not shown, long term, that a proven past DD of around 46.65% versus a long term monthly growth of 4.9%, with a 12% risk per trade is not what I would consider to be good stats.

You do understand it is a Trade Copier, from a master account on another broker with different spreads than your broker, and that your slave account will probably suffer increased slippage (different open and close prices from the master account) because of delays in the trade copier opening and closing trades?

sparks007
Nov 28 2015 at 04:00
2 posts
So Fx Phil, this EA trades via his master account? You say there would be a delay, but trades taken would be instantaneous, or micro seconds, not minutes, and seeing as most trades ( 60%) are from 5 min to about 3.5hrs, that delay would be insignificant? The real my FX book live account still proves it works? Please explain, cheers

sparks007
Nov 28 2015 at 04:03
2 posts
Not sure on this one. It has a 9.25% drawdown, but showing no losses? Can someone explain?

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